Trust Wallet vs Zengo Wallet: Feature Comparison
Compare Trust Wallet and Zengo Wallet to choose the best option for your digital assets. Explore features, security, usability, and supported cryptos.
Cryptocurrency wallets offer a safe and secure place to manage and store digital assets. There are numerous crypto wallet options that you can choose from. However, you must choose one that fits your needs.
Although many wallets have multi-currency support, key differences remain among the leading digital asset wallets. Trust Wallet, for instance, supports 10M+ digital assets across 80 blockchains. On the other hand, Zengo, which is also a multi-currency wallet, supports 70+ digital assets.
Besides the number of digital assets it can support, Trust Wallet has numerous powerful features and functionalities that set it apart from Zengo Wallet, making it the best Zengo alternative.
In this guide, we’ll compare Trust Wallet and Zengo Wallet to establish why Trust Wallet is the best alternative to Zengo. Read on to learn more.
What Sets Trust Wallet Apart from Zengo Wallet
Both wallets offer various key features and functionalities. However, there are reasons why Trust Wallet still takes the lead. We’ll look at the features of each below and highlight what sets Trust Wallet apart from Zengo Wallet.
Security and Safety
What Zengo Wallet Offers:
Zengo Wallet doesn’t utilize seed phrases. Instead, it's a keyless wallet that uses multifactor authentications, also known as multi-party computation (MPC). While you don’t have to worry about a recovery phrase, you’d still have to securely store a recovery file that doesn’t have a backup. This means that if it’s modified or lost, you’ll lose access to your wallet in case of a software or hardware crash.
Zengo Wallet has two products: Zengo Essential and Zengo Pro. While Zengo Essentials has the basic security features mentioned above, Zengo Pro offers additional security features at a cost. For instance, you can only get withdrawal protection, multi-factor authentication, and priority support if you opt for the Zengo Pro product, which costs $199.99 annually.
What Sets Trust Wallet Apart:
Trust Wallet, unlike Zengo, generates a twelve-word secret recovery phrase when you create a new wallet address. This seed phrase grants you, the wallet owner, full control and access over your digital assets. Moreover, you can write down your secret phrase and store it safely in case you change devices. In addition, Trust Wallet will regularly remind you to back up your seed phrase for continued security.
The Trust Wallet Security Scanner is another built-in feature the wallet uses to amplify its security. The built-in security scanner proactively informs you of any risky transactions you’re about to make while giving you full control of your crypto assets. This feature helps to make your overall crypto and Web3 experience safe. The best part is that it doesn’t cost anything.
Trust Wallet uses state-of-the-art encryption and protection measures that are constantly updated to prevent any threats while you explore Web3. This crypto wallet uses the AES algorithm to securely encrypt your passcode, which is then stored in a tamper-proof key store.
Trust Wallet conducts frequent security audits on its protocol to identify and remedy any potential security threats before they are exploited by malicious actors.
Usability and User Experience
What Zengo Wallet offers:
Zengo Wallet currently supports two platforms: Android and iOS phones. It’s a mobile-only wallet.
The wallet is easy to set up and use as it doesn't require any seed phrase. However, there are concerns with the recovery file as Zengo Wallet doesn’t have a backup of its users' files. Instead, its backups are stored on an individual’s Google Cloud or iCloud. When lost or modified, people can lose access to their funds.
Zengo Wallet allows you to access decentralized finance (DeFi) and decentralized applications (dApps) through WalletConnect.
Zengo charges multiple transaction fees for a single transaction. These fees include currency conversion, gateway, network, processing, and spread fees. These costs can make cryptocurrency transactions very costly.
Some of Zengo’s features aren’t available in select countries.
What sets Trust Wallet apart:
Besides being a mobile wallet that supports Android and iOS devices, Trust Wallet also has a Browser Extension that supports various browsers such as Brave, Chrome, Edge, Opera, and more.
The sign-up process is fast and easy, requiring you to note down your seed phrase and key it in. And because you always have your seed phrase, it’s easy to restore your wallet whenever you change devices.
With Trust Wallet, you can access DeFi platforms and dApps directly via the in-app Browser section or WalletConnect.
Trust Wallet doesn’t charge any wallet, dApp, or swapping fees. There are, however, network fees that you pay, which are standard for cryptocurrency transactions.
You can use Trust Wallet anywhere in the world.
Let’s now look at what both wallets offer regarding the cryptocurrencies and Web3 features they support.
What Zengo offers
Zengo Wallet supports 70+ cryptocurrencies. However, it doesn’t support major Layer-2 tokens. Some of the currencies it supports include:
Binance Coin (BNB)
Zengo offers token and non-fungible token (NFT) support for Ethereum and Polygon only.
What sets Trust Wallet apart:
As a multichain wallet, Trust Wallet supports 10M+ digital assets. Besides the major cryptocurrencies, Trust Wallet also supports other Layer-2 tokens. Below are some of the major crypto assets the wallet supports:
Binance Coin (BNB)
Bitcoin Cash (BCH)
Trust Wallet also supports NFTs on multiple blockchains.
What Zengo offers:
While Zengo supports several major blockchains like Bitcoin, Ethereum, Binance Coin, Dogecoin, and Ethereum, it’s not yet known how many blockchains it supports. Given the low number of tokens it supports, it can be assumed that the wallet doesn’t support many blockchains.
What Sets Trust Wallet Apart:
Trust Wallet supports 80+ blockchains.
Now that we know what sets Trust Wallet apart, let’s take a look at a side-by-side comparison of both Trust Wallet and Zengo in terms of features:
Trust Wallet: You can stake 20+ tokens such as Polkadot, CardanoTron, Sui, among others
Zengo Wallet: Only supports Tezos staking
Trust Wallet: You can swap over 10,000+ tokens
Zengo Wallet: You can swap 55 tokens
Trust Wallet: Has integrated tax tools found under the Discover section within the app with partnerships from Coinpanda, CoinTracker, and Koinly
Zengo Wallet: Does not have integrated tax tools
Trust Wallet: The Discover section within the app allows people to find crypto airdrop opportunities
Zengo Wallet: Lacks a ‘Discover Airdrops’ section
Web3 dApp Browser
Trust Wallet: Features a Web3 dApp browser that can be accessed directly or via WalletConnect for both Android and iOS users
Zengo Wallet: People can only access Web3 dApps via WalletConnect
Trust Wallet: Supports multiple blockchains
Zengo Wallet: Supports Ethereum and Polygon-based NFTs only
Setting Price Alerts
Trust Wallet: Has a price alert setting feature that notifies you of significant price changes of your favorite cryptocurrencies
Zengo Wallet: Doesn’t have a price alert setting feature
Whitelisting Wallet Addresses
Trust Wallet: Has a whitelisting wallet address feature that lets you send crypto to addresses you know and trust
Zengo Wallet: Lacks a whitelisting wallet address feature
ChatGPT Powered Support Bot
Trust Wallet: Features a ChatGPT-powered support bot
Zengo Wallet: Lacks a ChatGPT-powered support bot
Advantages of Trust Wallet
There are many reasons why Trust Wallet is the best Zengo alternative. Below are some advantages of Trust Wallet:
Free to use
The Trust Wallet app is free to download and use and doesn’t feature any ‘superior’ products you need to pay for. However, note that there are standard network transaction fees that apply across all crypto wallets.
With Trust Wallet, you can store and manage over 10M crypto assets, including NFTs, across 70 blockchains, all under one roof.
Private and secure
Trust Wallet leverages industry-leading technology to ensure its users can securely explore dApps and DeFi platforms. Moreover, the built-in Trust Wallet Security Scanner eliminates any chances of people losing their funds due to risky transactions.
Feature-packed and user-friendly
Trust Wallet has a myriad of features that are geared toward providing its users with a seamless experience. Both the app and the Browser Extension have an easy interface that makes it user-friendly.
Trust Wallet Browser Extension
Besides the app, the wallet also has a Browser Extension that can be accessed on major browsers such as Chrome and Edge.
When choosing a crypto wallet, it’s important to look at what each wallet offers. Looking at both Trust Wallet and Zengo, it’s clear that Trust Wallet stands out as the preferred crypto choice as it has incorporated multiple free security features. Moreover, it’s easy to use and supports 10M+ digital assets across 80 blockchains. Although both wallets are multi-asset wallets, Trust Wallet allows you to swap and stake a lot more than Zengo. With its integrated tax tools, you can easily ensure you are on top of your crypto taxes.
The Discover section allows you to browse dApps and DeFi applications and discover airdrop opportunities. You can set price alerts for your favorite tokens, whitelist your trusted wallet addresses to ease sending of crypto, and get support from a ChatGPT-powered support bot.
As always, remember to always do your own research (DYOR) before you invest in any cryptocurrency.
Download Trust Wallet today and experience its enhanced security features as you safely explore Web3.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.